🥕 Market Views for October 28 🥕

Pancake mindset

Key Points and Operations:

· Breakthrough Long: After the hourly line closes firmly above 114360, chase long positions on the right side, and stop loss if it reverts.
· Shorting on a Break: Short on the right side when the volume breaks below 113988 and the pullback has not recovered, with a stop loss on recovery.
· Callback to go long: If it falls to around 112176 and fakes a breakdown before recovering, a small position can be taken to go long, with a stop loss set below 111231.

Structure and Objectives:

· After stabilizing above 114328, look up at the range of 115753-117090.
· If 115753 cannot effectively break through, the upward momentum may weaken.
· You can pay attention to the 2B false breakout opportunity near 116661 for shorting, with a stop loss at 117705.
· The conservative investor will go long after a pullback stabilizes at 110375, with a stop loss below 109519.

Trend Analysis:
Bitcoin previously attempted to break above 115747 but failed, and after falling below the 114337 neckline, it entered a consolidation phase. If the rebound cannot return to the range and breaks below the current triangular formation, it may retest 112833-112128, allowing for light positions to be gradually built for long orders. If it returns to the interior of the range, it retains the possibility of another attempt to break above 115747.

Support and Resistance:

· Pressure: 114328➚115753➚117090
· Support: 113570➘112813➘112128
· If it confirms a drop below 113570 on the 4-hour level, look down to 112199-111173. #btc #比特币 #web3